In 2023, the United States led the global export market for butyric and valeric acids, comprising 22.68% of the market, followed by China at 16.04%. Notably, India and Japan demonstrated significant year-on-year growth at 5.33% and 4.99%, respectively. Countries like Switzerland, Mexico, and Poland faced declines of 6.23% and 6.02%. Additionally, smaller markets like Canada witnessed a substantial increase of 14.06%. Meanwhile, Hungary and Ireland experienced significant contractions of 46.07% and 53.61%, respectively.
Looking forward, enhanced production capabilities and export policies in emerging economies, coupled with changes in global trade dynamics, will likely reshape this industry. Continued focus on environmental regulations and technological advancements may influence the competitive landscape.
Top countries in Export of Butyric Acids and Valeric Acids Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.68 | 2023 | +0.77% | +1.99% | View data |
| 2 | 2 China | 16.04 | 2023 | +4.48% | +4.1% | View data |
| 3 | 3 Netherlands | 10.12 | 2023 | +1.97% | +2.98% | View data |
| 4 | 4 Singapore | 8.82 | 2023 | +0.8% | +1.02% | View data |
| 5 | 5 Belgium | 8.79 | 2023 | +1.78% | +2.13% | View data |
| 6 | 6 Germany | 8.78 | 2023 | +1.88% | +1.85% | View data |
| 7 | 7 Sweden | 5.64 | 2023 | +5.91% | +4.92% | View data |
| 8 | 8 India | 4.44 | 2023 | +4.76% | +5.33% | View data |
| 9 | 9 Spain | 2.88 | 2023 | +3.61% | +2.83% | View data |
| 10 | 10 Japan | 2.62 | 2023 | +2.73% | +4.99% | View data |
